Latin America and the Caribbean: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in Latin America and the Caribbean

In 2022, the Latin American sodium triphosphate market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a perceptible descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sodium Triphosphate Production in Latin America and the Caribbean

In value terms, sodium triphosphate production fell to $X in 2022 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sodium Triphosphate Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the second consecutive year after five years of decline. In general, exports, however, recorded a sharp descent. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sodium triphosphate exports surged to $X in 2022. Overall, exports, however, faced a sharp descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of sodium triphosphate (sodium tripolyphosphates), making up X% of total exports. Mexico (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (X%). The following exporters - Guatemala (X tons), Costa Rica (X tons) and Peru (X tons) - together made up X% of total exports.

Brazil was also the fastest-growing in terms of the sodium triphosphate (sodium tripolyphosphates) exports, with a CAGR of X% from 2012 to 2022. At the same time, Costa Rica (X%) and Peru (X%) displayed positive paces of growth. Guatemala experienced a relatively flat trend pattern. By contrast, Venezuela (X%) and Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Guatemala (X p.p.), Costa Rica (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest sodium triphosphate supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Venezuela, with a X% share.

In Brazil, sodium triphosphate exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced more modest paces of growth.

Sodium Triphosphate Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of sodium triphosphate (sodium tripolyphosphates) increased by X% to X tons, rising for the second consecutive year after eight years of decline. Overall, imports, however, showed a abrupt decline. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the main importer of sodium triphosphate (sodium tripolyphosphates) in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. Peru (X tons) took the second position in the ranking, followed by Mexico (X tons), Argentina (X tons), the Dominican Republic (X tons), Colombia (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sodium triphosphate imports into Brazil stood at X%. At the same time, Mexico (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, the Dominican Republic (X%), Chile (X%), Peru (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Mexico (X p.p.), Argentina (X p.p.) and the Dominican Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported sodium triphosphate (sodium tripolyphosphates) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

In Brazil, sodium triphosphate imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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